Construction began on January 1, 2018. Expected completion date: December 31, 2020 Contract price $108 million. The Completed Contract Method is used to recognize revenue and profit from the contracts. Years Actual costs incurred in each year the project (as of Dec 31) 2018 2019 2020 Estimated remaining costs to complete $40 million $38 million $36 million $60 million $44 million $0 What amount of gross profit (loss) would the company recognize in each year from the above contract? Show your work. This is a fairly simple question. Please organize your computation/work neatly. If I cannot read it, I cannot grade it. Clearly indicate the profit (loss) amount for each year in bold blue